All no deposit bonuses come with a set of terms and conditions you should read through. It is important to do so to ensure you are not frustrated when trying to cash out your real money winnings! We will discuss the most important below:
Wagering Requirements
Wagering requirements refer to the number of times you will need to wager your bonus before you are able to withdraw it. This is placed on no deposit bonuses to safeguard the casino from you claiming your bonus, playing through it, and cashing out immediately after. The easiest way to explain wagering requirements is through an example:
Example
Let’s say you receive 105 Free Spins as part of your no deposit Free Spins bonus. While playing, you win $10. The wagering requirements of this online casino are 40x.
Basically, to calculate the wagering requirement, you multiply the winnings by the wagering requirement. In this scenario, that would be $10 x 40x = $400. So, once you wager $400, you will be able to withdraw your winnings.
This simple formula can save players a lot of time when it comes to taking advantage of the free cash they can win with no deposit bonus funds.
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Wager 40xAllocation CodeBonus Code SPIN105 Wagering requirements can be placed on your bonus amount, your bonus amount and your winnings, or only on your winnings. Be sure to read through the wagering requirements before claiming a bonus to determine its true value. Wagering requirements are also subject to eligible games. See more on this below.
Did You Know?
Failure to meet wagering requirements of a bonus will lead to your winnings being withheld, or, in the worst-case scenario, being reclaimed by the casino
Eligible Games
No deposit bonuses will only be available for play on games predetermined by the casino. This is done to safeguard the establishment from you making big wins on certain games. As a rule of thumb, your no deposit bonus will generally not be valid on:
- Games with a high variance
- Games with a high RTP%
- Progressive jackpot games
- Games with a low house edge like blackjack
Game eligibility is also prevalent in wagering requirements. When playing through your wagering requirements, there will be different weightings placed on different games. As a rule of thumb, video slot games offer you a 100% contribution towards your wagering requirements. Games like blackjack or roulette tend to offer a much lower contribution, if valid at all.
These will differ from casino to casino. Be sure to check out the game contributions to your wagering requirements before claiming your bonus.
Bonus Expiration
Bonus expiration dates refer to two things:
- The expiration date of your actual bonus
- The expiration date of that bonus’ wagering requirements
When you claim a casino bonus, you will need to play it within a certain amount of time. Failure to do so will lead to your bonus being revoked.
Once you have played through your bonus, you will also then need to fulfil your wagering requirements within a certain amount of time. Generally speaking, no deposit bonuses are valid for a week and wagering requirements need to be met within a calendar month. However, these will vary from casino to casino, so be sure to read through the t’s and c’s of the bonus you choose to check its expiry.
Win Limits
A win limit also referred to as a win cap, refers to the maximum amount you will be able to win and withdraw with a bonus. Casinos place this limit on bonuses to ensure you cannot make massive jackpot wins off of free spins or free credit. This is a way to safeguard themselves from big wins with no gain.
Win limits will vary from casino to casino. Please be sure to check the jackpot limit or win cap on your preferred bonus to ensure you’re not frustrated when trying to cash out.